Royal Gold Increases Common Stock Dividend 4.4% to $0.96 per Share
November 15 2016 - 6:15PM
Business Wire
Royal Gold, Inc. (NASDAQ: RGLD) (“Royal Gold” or the
“Company”), today announced that its Board of Directors increased
the Company’s annual dividend for its shares of common stock from
$0.92 to $0.96 per share, payable on a quarterly basis of $0.24 per
share. The newly declared dividend is 4.4% higher than the dividend
paid in calendar year 2016. Royal Gold has increased its annual
dividend every year since 2001.
The dividend is payable on January 20, 2017 to shareholders of
record at the close of business on January 6, 2017.
Tony Jensen, President and CEO, commented, “One of Royal Gold’s
strategic objectives is to pay a growing and sustainable dividend,
reflecting the strength of our business. Today, we honor that
objective for the sixteenth straight year. Our board’s decision to
increase our 2017 annual dividend to $0.96 per share is consistent
with the belief that Royal Gold should provide an industry leading
return of capital to shareholders in a sustainable manner.”
Royal Gold is a precious metals stream and royalty company
engaged in the acquisition and management of precious metal
streams, royalties, and similar production based interests. The
Company owns interests on 192 properties on six continents,
including interests on 38 producing mines and 24 development stage
projects. Royal Gold is publicly traded on the NASDAQ Global Select
Market under the symbol “RGLD.” The Company’s website is located at
www.royalgold.com.
Cautionary “Safe Harbor” Statement Under the Private
Securities Litigation Reform Act of 1995: With the exception of
historical matters, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties
that could cause actual results to differ materially from
projections or estimates contained herein. Such forward-looking
statements include expectations concerning growth of the Company’s
cash flow; and statements about growth and development at
operations which are subject to our streaming agreements. Please
see the Company's Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, and other filings with the Securities and Exchange
Commission for a discussion of the Company’s risks and
uncertainties. Readers are cautioned not to put undue reliance on
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161115006817/en/
Royal GoldKarli Anderson, 303-575-6517Vice President
Investor Relations
Royal Gold (NASDAQ:RGLD)
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